Money magazine Comments - How negative gearing works - in simple terms Few areas of the tax system have attracted as much attention as the rules around negative gearing. So, what exactly is negative gearing and how does it work? https://www.moneymag.com.au/feed/latest?story=179806114 Sat, 12 Oct 2024 15:18:23 +1100 Sat, 12 Oct 2024 15:18:23 +1100 en-AU Copyright 2026 Money magazine 5 Money magazine Comments - How negative gearing works - in simple terms https://media.moneymag.com.au/prod/media/library/Money_Mag/Logo/Logo_401x133.png Comment by Daniela Kmet ()

We are the only country as far as I'm aware have complex taxations which allows investors make money renting property and offset lost by negative gering

and other income for that financial year .

I just wonder what incentive investors would have if negative gering was abolish.

I do do not agree for someone have 2 3 may be more properties and some foreign investors who do not even live in this country owns Australia's property and young hard working taxpayers can't afford even one

There is no fairness xx

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]]> Daniela Kmet () Sat, 12 Oct 2024 15:18:23 +1100 Comment by David H ()

Capital gain used to be the difference between the sale price and the inflation adjusted purchase price. The capital gains discount grossly simplified this to happen over 1 year. The effect is to give a huge advantage to instruments like shares which are bought and sold in a couple of years over property investors who hold the property over decades who pay more under the 'simplified' system because inflation would catch up over those time periods.

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]]> David H () Sun, 13 Oct 2024 19:06:05 +1100